Property profile

2839 Nichols St Spencerport, NY 14559

OFF-MARKET
Land
1 ac lot
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Property summary

AI-generated overview

This exceptional 33.8-acre commercial land parcel, identified by APN 102.01-1-2.1, presents a remarkable investment opportunity in Spencerport, New York. Located at 2839 Nichols St, 14559, this property boasts significant frontage along Union Street (17,510 AADT) and Nichols Street (6,140 AADT), offering unparalleled visibility and accessibility. Its strategic position adjacent to the Spencerport Expressway (Route 531) Exit (30,734 AADT) ensures high traffic volume. Currently zoned GC, the site is being developed into a multi-building plaza and is anchored by a Walgreens at the intersection of South Union and Nichols Streets. Infrastructure improvements include a newly installed sanitary sewer system and DOT-approved plans for a traffic signal and dedicated turn lanes on South Union Street. The seller will consider built-to-suit options, ground leases, and the sale of individual parcels ranging from 1 to 18 acres. This property is ideal for a variety of commercial uses, including quick-service restaurants, car washes, retail establishments, and office spaces, catering to the growing Spencerport/Ogden community. The high visibility, convenient location, and planned infrastructure enhancements make this a truly exceptional opportunity. The property is offered for sale by owner, 2785 Group, LLC.

Property profile

Verified
Property type Land
Lot 1 ac (43,560 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2839 Nichols St Spencerport, NY 14559
Spencerport metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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